10: 8- Production Last updated Oct 12, 2022 Save as PDF 9.21: Outcome- The Utility Maximizing Rule 10.1: Reading- Fixed and Variable Costs Page ID161950 ( \newcommand{\kernel}{\mathrm{null}\,}\) 10.1: Reading- Fixed and Variable Costs10.2: Reading- The Structure of Costs in the Short Run10.3: Outcome- Sunk Costs10.4: Reading- Sunk Costs and Alternative Measures of Cost10.5: Outcome- The Short Run vs. The Long Run10.6: Reading- Short Run vs. Long Run Costs10.7: Reading- Short Run and Long Run Average Total Costs10.8: Outcome- Long Run Costs and Economies of Scale10.9: Reading- Long Run Costs10.10: Reading- Economies of Scale10.11: Why It Matters- Production10.12: Putting It Together- Production10.13: Glossary- Production10.14: Discussion- Diminishing Returns10.15: Outcome- Defining Production10.16: Reading- Cost and Industry Structure10.17: Reading- Factors of Production10.18: Outcome- Marginal, Average, and Total Product10.19: Reading- Production Choices and Costs10.20: Outcome- Explicit and Implicit Costs10.21: Reading- Explicit and Implicit Costs10.22: Outcome- Marginal, Average, and Total Cost